so you prefer continual dillution each year for the next 3-5 years until sentiment returns?
or you would prefer to stop dillution and conserve cash ready to deploy taking the risk that there is a 3 years cash runway for sentiment to return.
you made a statement that gold is high, which is a subjective view, because it's still not high enough for alot of the mid tiers and majors as their aisc has exploded through the roof.
think about it for a second, you are also implying part of your investment thesis is for rates to fall back to 0??? in the absence of a blackswan event, that ain't going to happen or happen within the timeframe NVA needs.
why would being in hibernation drive the SP to 0? constant dillution is more a risk. and mate, if sentiment gets worst, don't rule our -50% discounts to attract capital.
NVA Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held
(20min delay)